Commodity Price Stabilization in a Peasant Economy

Israel Finkelshtain () and James Chalfant ()

American Journal of Agricultural Economics, 1997, vol. 79, issue 4, 1208-1217

Abstract: The peasant household's preferences for price stabilization are shown to depend on observable parameters describing consumption and production decisions. A measure of willingness to pay is obtained for the case where the household is engaged in both the production and the consumption of the commodity in question. For plausible parameter values, it appears likely that the peasant household will prefer price stabilization and that stabilization of the producer price alone dominates complete stabilization. Copyright 1997, Oxford University Press.

Date: 1997
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:79:y:1997:i:4:p:1208-1217

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